Futures Jump As Brent Tumbles Below $90 On Fresh Round Of Iran Ceasefire Optimism

US Central Command said reports that the Navy is escorting commercial ships through the Strait of Hormuz. On Tuesday, The Wall Street Journal reported speaking with US military officials who said the Navy quietly resumed the operation to escort ships through the Strait of Hormuz. Earlier this month, Trump launched Project Freedom, a military operation […]

No week goes by in Washington without another display of Trumpism, i.e. the expressed desire by the president to turn our constitutional republic into an expression of Trump-world that honors and glorifies, as he put it recently, “me.” Trumpean conceit has included his Tr(i)ump(hal) Arch in Arlington, his bid to rename the Kennedy Center, his […]

"Hiring Patterns Are Changing": ADP Reports Weakest Job Gains In 6 Months, But... Following a weaker than expected JOLTS report, but better than expected ISM employment data, ADP reports today (ahead of Friday's payrolls report) that the US economy added only 44k jobs in July (below the 65k expected and the lowest since January) after a revised 95k increase in the prior month... With the Goods-producing side of the economy losing 3k jobs... "Typical hiring patterns, meanwhile, are changing as employers react to shifting macro-economic conditions," said Dr. Nela Richardson Chief Economist,...